India, Aug. 6 -- Germany's construction activity contracted at the slowest pace in nearly two-and-a-half years in July, survey data from S&P Global showed on Wednesday.
The HCOB construction Purchasing Managers' Index rose to 46.3 in July from 44.8 in the previous month. A reading below 50.0 indicates contraction.
The latest score suggested that the construction sector shrank at the slowest rate since February 2023.
Housing activity continued to be the main drag on overall construction sector. The rate of decline in work on residential building projects remained sharp but it eased to the weakest in three months.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
Meanwhile, commercial activity showed a ...